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Fincash » Search » Bharat Electronics Ltd

Bharat Electronics Ltd

Updated on May 16, 2019

Stock/Share Code - BEL

BEL produces a wide range of state-of-the-art equipment in fields such as Defence Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro Optics, Professional Electronic Components and Solar Photovoltaic Systems, BEL also provides turnkey system solutions. Civilian products from BEL include Electronic Voting Machines, Tablet PC, solar-powered traffic signal systems and Access Control Systems.

Below is the details of BEL Bharat Electronics Ltd

Market Cap₹20,102 Cr.
Current Price ₹101.1 as on 22 May 19
52 Week High / Low Price₹157.95 / ₹72.55
Face Value₹1
Stock P/E11.06
Book Value₹34.57
Dividend Yield2.42 %
ROCE25.36 %
ROE18.32 %
Sales Growth (3yrs)14.69 %
SectorConsumer Durables
IndustryElectronics - Components
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has been maintaining a healthy dividend payout of 32.84%
Cons: Promoter's stake has decreased The company has delivered a poor growth of 11.08% over past five years.

Bharat Electronics Ltd Price Chart

Bharat Electronics Ltd Price Chart

Bharat Electronics Ltd Peer Comparison in Consumer Durables

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Bharat Electron 11.06 ₹20,101.89 Cr. 2.42 ₹507.63 Cr. 67.62 8.41 2716.49 25.36
2. Honeywell Auto ₹3,047.2 57.33 ₹19,097.63 Cr. 0.15 ₹85.62 Cr. 37.52 12.52 811.79 29.96
3. Genus Power ₹26.75 9.15 ₹782.37 Cr. 1.35 Cr. 14.09
4. Permanent Magnet ₹65.95 10.16 ₹125.94 Cr. 0.00 ₹4.03 Cr. 299.01 23.50 29.74 26.06
5. Hind Rectifiers ₹125.4 18.89 ₹183.28 Cr. 0.00 ₹3.15 Cr. 330.30 135.18 68.53 7.53
6. PG Electro. ₹67.2 21.68 ₹139.16 Cr. 0.00 -₹0.34 Cr. -170.83 31.47 107.00 7.33
7. Gujarat Poly ₹1,013.85 4.89 ₹23.98 Cr. 0.00 ₹0.97 Cr. 646.15 42.33 5.38

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Bharat Electronics Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018
Sales3,2248791,7032,0423,9881,7222,4732,5063,6082,1023,3812,716
YOY Sales Growth %10.09%-20.07%10.23%27.65%23.7%95.88%45.21%22.7%-9.51%22.09%36.73%8.41%
Expenses2,3179181,3651,5593,0081,5561,8802,0602,8121,7922,5271,948
Material Cost %47.25%53.45%50.09%50.43%51.67%55.41%46.25%56.52%55.45%52.67%47.9%46.21%
Employee Cost %10.44%35.99%19.24%16.81%14.07%26.85%19.08%18.21%10.58%22.49%13.88%18.22%
Operating Profit906-39338483980166593445796310854768
OPM %28%-4%20%24%25%10%24%18%22%15%25%28%
Other Income13813117178917053492891418
Interest4001110001000
Depreciation494345455756595977697480
Profit before tax991494645041,012179587435747250794706
Tax %25%26%25%26%22%30%30%30%25%28%28%28%
Net Profit74536346374792125412303559180571508
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales3,8894,0594,5835,1785,5855,7686,1046,2766,8437,3288,60010,32211,808
Sales Growth %11.09%4.38%12.89%12.98%7.87%3.27%5.82%2.82%9.04%7.09%17.36%20.03%%
Expenses2,9463,0703,5194,3604,5975,1535,4625,3825,6955,9536,8348,3199,079
Material Cost %52.63%49.67%51.33%57.07%55.8%61.58%61.96%57.38%54.67%51.82%50.93%53.06%%
Manufacturing Cost %3.67%4.04%2.83%2.5%2.32%2.47%3.18%3.17%3.17%2.94%1.87%1.76%%
Employee Cost %13.04%15.96%16.19%19.07%18.65%18.75%18.2%16.42%18.46%17.16%18%17.17%%
Other Cost %6.41%5.96%6.42%5.57%5.54%6.56%6.16%8.79%6.92%9.31%8.82%8.94%%
Operating Profit9439891,0648189886146418941,1481,3751,7662,0032,729
OPM %24%24%23%16%18%11%10%14%17%19%21%19%23%
Other Income19827815434829658561142947953747120069
Interest441551466681651
Depreciation8593106116122121131142154172192251300
Profit before tax1,0521,1711,0971,0451,1611,0751,1151,1751,4671,7322,0291,9482,497
Tax %32%29%32%31%26%23%20%21%20%25%24%28%
Net Profit7188277467218618308909321,1671,3071,5481,3991,817
EPS in Rs2.633.032.732.633.163.043.263.414.244.956.305.74
Dividend Payout %20%20%20%21%20%20%20%20%20%31%32%35%

Compounded Sales Growth

  • 10 Years:: 9.78%
  • 5 Years:: 11.08%
  • 3 Years:: 14.69%
  • TTM:: 10.48%

Compounded Profit Growth

  • 10 Years:: 5.62%
  • 5 Years:: 10.01%
  • 3 Years:: 6.25%
  • TTM:: 11.34%

Return on Equity

  • 10 Years:: 16.84%
  • 5 Years:: 16.51%
  • 3 Years:: 17.49%
  • TTM:: 18.32%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital808080808080808080240223244244
Equity Capital808080808080808080240223.36243.66
Reserves2,5123,1533,7274,2664,9235,5576,2226,9377,8058,7447,2857,5178,179
Borrowings211100000050670
Other Liabilities4,0153,8274,8345,1088,2019,2648,2027,5677,3839,2459,72210,87411,785
Trade Payables616.8965.73961.22599.47840.961081.431126.861197.061126.141161.441330.611400.150
Total Liabilities6,6097,0628,6439,45413,20414,90114,50314,58415,26818,22917,28018,70220,208
Fixed Assets3864134674904845105756517719761,2551,6072,292
Gross Block1324.81430.761579.911702.1717891901.582073.232226.672485.151146.751616.992219.84
Accumulated Depreciation939.131017.271112.451212.211305.291391.421497.781575.721714.05170.28361.68612.75
CWIP3436473158114161197140430656833453
Investments1212121212121212193194609030
Other Assets6,1776,6018,1178,92112,65114,26513,75513,72414,33816,50414,90915,35917,463
Inventories1321.21425.082510.182538.922350.582674.993194.143302.353371.684132.764856.544587.794876.25
Trade receivables1693.422055.712276.532168.362896.582686.583334.674128.543786.143711.934354.885704.580
Cash Equivalents2081.732453.492641.943578.46519.366772.525302.494564.375881.537165.33790.18738.70
Loans n Advances1079.78666.54687.95635.24662.441840.211712.981572.341147.841344.21676.313849.811002.69
Total Assets6,6097,0628,6439,45413,20414,90114,50314,58415,26818,22917,28018,70220,208

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity3785093991,0603,018121-1,654-6951,3492,249-97-789
Profit from operations1075.511101.391204.16950.291044.95679.51733.14784.321303.391427.381697.082051.66
Working Capital Changes-336.64-257.98-441.43455.82310.82-225.38-2162.18-1282.09383.521250.56-1162.74-2195.06
Taxes paid-360.97-334.64-363.42-346.3-338.02-332.89-225.44-197.48-337.47-428.87-631.72-645.14
Cash from Investing Activity167-25631-1,229-1,005-9271,888872-842-1,4853,14841
Fixed Assets Purchased-112.57-122.78-170.78-123.32-142.29-207.18-244.46-253.11-217.66-658.43-697.03-779.27
Fixed Assets Sold1.043.871.263.591.616.0835.286.091.836.422.121.35
Investments purchased000000000-242.1-64.92-425.67
Cash from Financing Activity-141-188-205-176-180-239-157-212-232-316-2,835-1,201
Repayment of Borrowings-7.09-0.34-0.16-0.48-0.32-0.31-0.08-0.010000
Interest Paid-0.82-0.25-10.77-0.54-0.73-0.6-0.78-3.4-1.38-0.25-11.78-1.27
Dividends Paid-133.18-187.21-193.73-175.05-179.11-238.02-156.2-208.71-219.52-295.6-677.44-819.16
Net Cash Flow40465226-3461,833-1,04477-35276448216-1,948

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %45%39%34%26%25%20%18%18%20%21%25%25%
Debtor Days159185181153189170199240202185185202
Inventory Turnover3.212.962.332.052.282.302.081.932.051.951.912.19

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.